Thursday, March 20, 2014 12:32:06 AM
I read this.. stuff that says..
“Why do we do this? It’s almost a historical thing – everyone knows these policies make no sense,” says Brannon.
Fannie Mae, Freddie Mac: Federal government will still be on the hook
And I realize .... that in the event of a National Disaster... Hurricane Katrina, Andrew, Sandy, obama, floods, FDIC, or any massive bad thing to occur... Social Security, Uninsured Medicaid / medicare etc.
That... in this country... the Federal Government is ALWAYS ... on the hook...
Thing... extended benefits for the unemployed....
So... whats the difference? I mean... if Fannie and Freddie were returned to the shareholders and not raped by the federal government... and management were to put in place efforts to raise capital - over time.. thru retained earnings. In just 3 years each could have 50-60 Billion. Add in a small raise at (Fair value) of 25 Million shares and you could easily add another $50 Billion in "cushions"
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